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Modelling Occupancy Rates in Croatian Hotel Industry

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  • Tea Baldigara
  • Marija Koi?

Abstract

The present study aims to analyse and model the net occupancy rates of bed-places in the Croatian hotel industry in the period from January 2005 to August 2014. For these purposes three models of generating time-series forecasts were used: the seasonal Naive model, the Holt-Winters exponential model and the seasonal autoregressive integrated moving average model. The empirical results show that the used time-series models performed well in terms of MAPE and that the Holt-Winters model outperformed the seasonal naive and the seasonal ARIMA model.

Suggested Citation

  • Tea Baldigara & Marija Koi?, 2015. "Modelling Occupancy Rates in Croatian Hotel Industry," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 6(3), pages 121-131, May.
    • Handle: RePEc:jfr:ijba11:v:6:y:2015:i:3:p:121-131
    DOI: 10.5430/ijba.v6n3p121
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